Investors Buy Large Volume of MongoDB Call Options (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB) saw unusually large options trading activity on Wednesday. Traders bought 36,130 call options on the stock. This is an increase of approximately 2,077% compared to the average volume of 1,660 call options.

Insider Buying and Selling

In other MongoDB news, Director Roelof Botha sold 24,850 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $405.85, for a total value of $10,085,372.50. Following the completion of the sale, the director directly owned 194,600 shares of the company’s stock, valued at $78,978,410. The trade was a 11.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total transaction of $660,617.10. Following the completion of the transaction, the director owned 25,659 shares in the company, valued at $10,824,249.15. This represents a 5.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 78,353 shares of company stock valued at $31,060,758 in the last 90 days. Company insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Large investors have recently bought and sold shares of the company. Central Pacific Bank Trust Division acquired a new stake in MongoDB during the 4th quarter valued at approximately $28,000. Cornerstone Planning Group LLC raised its holdings in shares of MongoDB by 1,220.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after purchasing an additional 61 shares during the last quarter. International Assets Investment Management LLC acquired a new position in MongoDB during the fourth quarter valued at $33,000. Global Trust Asset Management LLC purchased a new stake in MongoDB in the fourth quarter valued at $38,000. Finally, Huntington National Bank grew its position in MongoDB by 110.9% during the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 51 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Stock Down 2.4%

Shares of MongoDB stock opened at $337.60 on Thursday. The company has a 50 day moving average price of $404.06 and a 200 day moving average price of $335.90. The firm has a market capitalization of $27.48 billion, a P/E ratio of -388.05 and a beta of 1.38. MongoDB has a 52 week low of $140.78 and a 52 week high of $444.72.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.53. The business had revenue of $628.31 million during the quarter, compared to analysts’ expectations of $592.98 million. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The business’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the company posted $1.16 earnings per share. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. As a group, research analysts anticipate that MongoDB will post -1.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MDB. Cantor Fitzgerald boosted their price objective on shares of MongoDB from $406.00 to $454.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. Barclays boosted their price target on MongoDB from $415.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Citizens Jmp raised their price objective on MongoDB from $435.00 to $475.00 and gave the company a “market outperform” rating in a research report on Tuesday, December 2nd. Stifel Nicolaus lifted their target price on MongoDB from $375.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Finally, KeyCorp reissued a “sector weight” rating on shares of MongoDB in a research report on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $422.29.

About MongoDB

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.